Individual Investors like stocks for the long haul - AAII
Main U.S. indexes green; Nasdaq up 0.91%
Cons Disc leads S&P sector gainers; Utilities down most
Dollar rises; crude up ~1%, gold ~flat; bitcoin slips
U.S. 10-Year Treasury yield rises to ~4.34%
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INDIVIDUAL INVESTORS LIKE STOCKS FOR THE LONG HAUL - AAII
Neutral sentiment over the short-term outlook for U.S. stocks declined in the latest American Association of Individual Investors (AAII) Sentiment Survey. With this, both optimism and pessimism gained.
Meanwhile, about three-quarters of investors surveyed believe stocks will realize the highest returns among asset classes over the next five years.
AAII reported that neutral sentiment, or expectations that stock prices will stay essentially unchanged over the next six months, fell 2.8 percentage points to 29.6%. Neutral sentiment is below its historical average of 31.5% for the 16th time in 17 weeks.
Bullish sentiment, or expectations that stock prices will rise over the next six months, rose 1.8 percentage points to 39.5%. Bullish sentiment is above its historical average of 37.5% for the 51st time in 52 weeks.
Bearish sentiment, or expectations that stock prices will fall over the next six months, gained 1.0 percentage point to 30.9%. Bearish sentiment is below its historical average of 31.0% for the 11th time in 12 weeks.
With these changes, the bull-bear spread ticked up 0.8 percentage points to 8.6% from 7.8% last week. The spread is above its historical average of 6.5% for the 25th time in 26 weeks.
In this week’s special question, AAII asked its members which asset class they think will realize the highest returns over the next five years.
Here is AAII's graphic showing how they responded:
(Terence Gabriel)
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AAII11012024 https://tmsnrt.rs/4fsbciX
AAIISQ11012024 https://tmsnrt.rs/3AcY4zv
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